Multiple Choice
The lessee's option to purchase a leased asset at a price that is sufficiently lower than the asset's expected fair value so that the exercise of the option appears reasonably assured is called a:
A) Bargain purchase option.
B) Lessee buy-out option.
C) Lessor sell-out option.
D) Guaranteed purchase option.
Correct Answer:
Verified
Correct Answer:
Verified
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